It marks the lowest level since September 2021, but was nonetheless slightly higher than economists expected.
UK inflation dropped to a fresh two-and-a-half year low in March on the back of a further easing in food prices, official figures have shown.
The Office for National Statistics said that Consumer Prices Index inflation stood at 3.2% in March, down from 3.4% in February. ▪️ Consumer Prices Index including owner occupiers’ housing costs rose by 3.8%, unchanged from FebruaryONS chief economist Grant Fitzner said: “Inflation eased slightly in March to its lowest annual rate for two and a half years.
“Once again, food prices were the main reason for the fall, with prices rising by less than we saw a year ago.We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
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